BEIJING - China's outbound investment is expected to continue to increase and could soon exceed foreign direct investment (FDI), an official said Tuesday.
|
 |
| FDI dips for 2nd straight month |
|
 |
| China FDI inflows continue to drop in Aug |
The statement was made by Ministry of Commerce (MOC) spokesman Shen Danyang after the MOC released the investment figures for the first eight months this year.
From January to August, FDI, which excludes investment in the financial sector, stood at $78.34 billion, down 1.8 percent from the same period last year, the ministry said.
In contrast, China's outbound direct investment by non-financial firms surged 15.3 percent to $65.17 billion in the same period.
Shen said China's outbound investment would continue growing rapidly, and the long-term growth trend would not change.
He attributed the prospects mainly to a more favorable policy environment for companies to "go out," better financial conditions, and Chinese firms' increasing competitiveness in the sectors of light industry, machinery equipment, ship-building, chemical engineering and electronic information.
The outbound investment in the first eight months last year was greatly boosted by
When excluding the effect of this big deal, outbound investment for the first eight months this year could be more than 40 percent higher than the same period last year, he added.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
